SOLD
Sold on 18 Apr 2024 for $960,000

118 Murray Street
Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 372m2
Land area: 252m2
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Property Details for 118 Murray St, Hobart

Building Type
Commercial
Year Built
1880
Floor Size
372m2
Land Size
252m2
Local Government
Hobart
Lot/Plan
1/129300

Last Listing description (July 2017)

Central CBD Retail/Office Space
Located only half a block from the Hobart CBD main City retail block, this property consists of over 280 sqm of retail and office combination, over three levels.
The ground floor retail area has an area of approximately 50 sqm, with the two upper levels offering office or display area of approximately 115 sqm, per floor.

The premises would be suitable for a variety of retail/offce or retail and display uses.
To the rear of the property is car parking, which could also be available for lease with the premises at a rate of $200 per space, per calendar month, plus GST.
Call now for more information.

Property History for 118 Murray St, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$960,000
18 Apr 2024
Listed for Rent
$719/w
29 May 2017
  • 18 Apr 2024
    Sold for $960,000
  • 24 Oct 2023
    Listed for Sale $150,000
  • 24 May 2017
    Listed for Rent $37,500 / year
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About Hobart 7000

The size of Hobart is approximately 2.1 square kilometres. It has 10 parks covering nearly 4.8% of total area. The population of Hobart in 2011 was 2,102 people. By 2016 the population was 2,298 showing a population growth of 9.3% in the area during that time. The predominant age group in Hobart is 20-29 years. Households in Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hobart work in a professional occupation. In 2011, 31.3% of the homes in Hobart were owner-occupied compared with 26.4% in 2016.

Hobart has 3,030 properties. Over the last 5 years, Houses in Hobart have seen a 27.83% increase in median value, while Units have seen a 34.77% increase. As at 31 October 2024:

  • The median value for Houses in Hobart is $1,051,039 while the median value for Units is $818,558.
  • Houses have a median rent of $560 while Units have a median rent of $575.
There are currently 15 properties listed for sale, and 30 properties listed for rent in Hobart on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Hobart.

Suburb Insights for Hobart 7000

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.